Coinspeaker Hyperliquid’s HYPE Token Gains 200% in Profit with Fully Diluted Valuation (FDV) of $12B
Hyperliquid’s new token, HYPE HYPE $11.62 24h volatility: 33.9% Market cap: $3.87 B Vol. 24h: $303.70 M , has made waves in the decentralized finance (DeFi) space with a remarkable 200% surge in value since its official launch on November 29. HYPE is priced at $12.59, following a striking 39% increase in just the last 24 hours.
The surge has pushed HYPE’s fully diluted valuation (FDV) past $12 billion, with the token’s market capitalization currently standing at approximately $4 billion. The rapid increase in value has captured the attention of investors and the broader DeFi community, positioning HYPE as a major player in the space. In a matter of days, HYPE has carved out a substantial portion of the market, aided by Hyperliquid’s decentralized perpetual trading model and innovative platform features.
Strong Demand Fueling HYPE’s Rise
In the last 24 hours, the HYPE token saw over $276 million in trading volume. This surge in volume signals that investors are not only flocking to HYPE but also actively trading it, adding to the excitement surrounding the project.
The token’s sharp price increase has positioned Hyperliquid as one of the leading decentralized platforms in the industry. The platform, which was launched in 2023 during a broader market downturn, has quickly risen to prominence.
One of its standout features is its unique consensus mechanism called HyperBFT, which enables secure and efficient operations on the platform. Initially, Hyperliquid operated without a native token, but everything changed on November 29 when it introduced HYPE during its token generation event (TGE).
The HYPE token serves multiple critical functions within the Hyperliquid ecosystem. Notably, it acts as a gas token for Hyperliquid’s execution environment, HyperEVM, allowing users to perform transactions on the platform.
Additionally, HYPE is used for staking, where users can lock their tokens to help secure the platform’s consensus mechanism and earn rewards in return. This dual role of HYPE — both as a transaction medium and a staking asset — adds to its utility and appeal within the Hyperliquid ecosystem.
Moreover, HYPE can be traded on Hyperliquid’s decentralized exchange (DEX), with trading pairs such as USDC already available. The platform’s DEX is designed to allow users to trade assets securely while benefiting from the advantages of decentralization.
Community-Focused Launch with Strategic Airdrop
The launch of HYPE was also marked by a significant community-focused airdrop. A total of 310 million HYPE tokens, which account for about 31% of the total supply, were distributed to eligible users.
The move highlights Hyperliquid’s commitment to decentralization and community-driven ownership, ensuring that a substantial portion of the token supply is in the hands of the platform’s users, rather than centralized investors.
Additionally, Hyperliquid reserved 38.8% of the total token supply for future rewards and incentives, again emphasizing its long-term focus on rewarding its community. Interestingly, the team behind Hyperliquid deliberately avoided allocating tokens to private investors or centralized exchanges.
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Hyperliquid’s HYPE Token Gains 200% in Profit with Fully Diluted Valuation (FDV) of $12B